Press Release
Co-Founder of Superstate Launches Ground, Raises $3.6M to Embed Onchain Finance Everywhere
Backed by Bain Capital Crypto and ParaFi, Ground has launched the institutional-grade API-driven infrastructure that equips any bank, fintech, or treasury to seamlessly embed onchain asset management.
SAN FRANCISCO, CA — Ground, the money infrastructure company, launched out of stealth today alongside a $3.6 million pre-seed funding round. The investment was led by Bain Capital Crypto and ParaFi, with additional funding from Nascent, Robot Ventures, Chapter One, and Consonant Ventures.
Until now, to access onchain yield, financial platforms have had two choices: leave user capital idle, or spend time and treasure building custom blockchain integrations. Ground is introducing modular API infrastructure that unifies fragmented onchain sources into a single integration, allowing any neobank, exchange, or fund manager to seamlessly embed onchain finance directly into their existing product suites.
Ground’s API plugs directly into existing interfaces and ledgers, enabling Ground’s clients to configure yield strategies to their exact risk and liquidity requirements with simple, automatable allocation management. A diverse catalogue of onchain assets integrates quickly, whether manually or agentically, and granular, transparent data ensures compliance and reporting needs are met from day one.
“Making onchain finance accessible and embeddable is a fundamental shift in how capital will be managed. The global asset management industry oversees more than $147 trillion, and there are trillions of dollars idling in pre-funded accounts, neobanks and blockchain wallets. That is a massive untapped opportunity, and we are building the foundation that empowers any financial application or manager to easily integrate onchain yield into their platform. Ground supercharges their products and idle balances.”
— Reid Cuming, CEO and Co-Founder, GroundGround’s executive team uniquely positions the company to bridge traditional fintech with decentralized networks. The company was co-founded by CEO Reid Cuming, a Co-Founder of Superstate and VP and GM of Compound Treasury — the first S&P-rated decentralized finance product — alongside CTO Sam Yoon, who previously built stablecoin rails as the Technical CEO at Braid and as the product and engineering lead at HiFi.
“Stablecoin adoption started with remittance, tokenization, and dollar-account use cases. Naturally, what fintechs and institutions are asking next is how can they further tap into onchain products, especially credit markets to give their customers higher yield and lower borrow rates. This is not at all easy to do today. We invested in Ground because they’re building the infrastructure to provide fintech developers with easy, secure, and compliant access to many different credit products. So they can enable delightful financial access to their customers.”
— Parth Chopra, Partner, Bain Capital CryptoGround is live and onboarding new clients today. For more information, visit groundtech.co.
###
